Steel News

Nucor Completes Acquisition of 50% Stake in Duferdofin

09 July 2008 - Nucor completes its previously announced acquisition of 50% of the stock of Duferdofin–Nucor Srl for a purchase price of euro 423.5 million, or approximately $658 million.

Outokumpu to Supply Quality Yield Management Software for Avesta

08 July 2008 - ISRA Vision Parsytec will provide a new surface inspection system and a parsytec 5i site license for stainless steel producer Outokumpu.

PSI to Supply Manufacturing System for Villares Metals SA

08 July 2008 - PSI will supply its PSImetals manufacturing execution system to Villares Metals SA for its plant in Sumaré.

Danieli to Supply SBQ Rolling Mill for Shougang Baoye

08 July 2008 - Danieli will supply Shougang Baoye with a new high-capacity rolling mill capable of producing 1.0 million tonnes/year of large-size SBQ bars.

NLMK to Add New Power Plant at Lipetsk

08 July 2008 - NLMK signs contract for a new 150-MW power plant at its main production site in Lipetsk.

Arcelor Mittal Grants Final Approval for Tenova Walking Beam Furnace

07 July 2008 - ArcelorMittal grants final acceptance to Tenova LOI Italimpianti Genoa for the 450 tonne/hour walking beam furnace at the new MSPKK Hot Strip Mill located in Krakow, Poland.

EMG Automation to Install eMASS Strip Stabilization System for Corus Color

07 July 2008 - EMG Automation was recently awarded an order by Corus for the installation of an eMASS strip stabilization system at Myriad, the company’s Corus Color subsidiary in France.

Siemens to Supply Finger-Shaft EAF, Ladle Furnace, Billet Caster for New Severstal Minimill

07 July 2008 - Siemens VAI Metals Technologies will supply a finger-shaft electric arc furnace, ladle furnace, dedusting system, and billet caster for OAO Severstal’s new long-product steelmaking facility to be built at Balakovo in Russia.

ArcelorMittal and AREVA Enter Industrial Partnership

04 July 2008 - AREVA and ArcelorMittal enter agreement for a 70-million-Euro investment aimed at increasing production of steel products for the nuclear industry at ArcelorMittal subsidiary, Industeel.

Tenova Pyromet to Supply Equipment for Henan Sunshine Furnaces

03 July 2008 - Tenova Pyromet will design and supply equipment for two 39-MVA furnaces that Chinese Henan Sunshine Silicon Technology Development will build in the Henan Province in China.

Terra Nostra Anticipates Strong Demand for Stainless in China

03 July 2008 - Based on recent industry analysis, Terra Nostra Resources is anticipating sustained strong domestic demand for stainless steel in China.

Mechel Commissions New Rebar Production Line at Mechel Campia Turzii

03 July 2008 - Mechel OAO commissions a second construction rebar production line, this one at its Mechel Campia Turzii subsidiary in Campia Turzii, Romania.

Siemens to Supply BOFs, Degasser, LFs for New Facility at Posco’s Pohang Works

03 July 2008 - Siemens VAI Metals Technologies will supply engineering and equipment for a new BOF-based steelmaking facility at Posco's existing steelmaking facilities in Pohang, Korea.

Global Stainless Steel Production Recovers in First Quarter

03 July 2008 - Global stainless steel production reached 7.4 million tonnes in the first quarter of 2008, according to preliminary figures just released by the International Stainless Steel Forum.

Rio Tinto Announces Iron Ore Price Settlements in Asia

02 July 2008 - Rio Tinto reaches agreement with all of its customers in Asia for iron ore deliveries from Hamersley Iron, Robe River, and Hope Downs for the contract year commencing April 1, 2008.

ArcelorMittal to Expand Distribution Network in United Arab Emirates

01 July 2008 - ArcelorMittal announces plans to acquire controlling interest in DSTC FZCO, located in the Dubai free zone, as part of its effort to expand its distribution network in the Middle East area.

ArcelorMittal Adjusts Flat Carbon Steel Prices for European Market

30 June 2008 - ArcelorMittal adjusts its prices for flat carbon products in Europe, bringing the new base price level for Hot Rolled Coil to 770 €/tonne.

Siemens to Supply New Main Drive for Galati Plate Mill in Romania

30 June 2008 - The Siemens Industry Solutions Division will supply a new main drive for the finishing stand of ArcelorMittal's plate mill in Galati, Romania.

Danieli to Provide New Slab Caster, RH Degasser for Carsid

30 June 2008 - Danieli will provide a major upgrade of Carsid’s slab production complex in Charleroi, including the supply of a new wide slab caster and new RH degassing plant.

ArcelorMittal Increases Shareholding in Macarthur Coal

30 June 2008 - ArcelorMittal increases its stake in Queensland-based Macarthur Coal Limited to 19.9% with the acquisition of an additional 10,607,830 shares from Talbot Group Holdings.